PPP Loan Data — Avalawn, Inc, Knoxville, TN
Avalawn, Inc is a corporation located at 7607 Old Maynardville Pk in Knoxville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $45,995.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Avalawn, Inc in Knoxville, TN received a Paycheck Protection Loan of $45,995 through Enrichment FCU, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Avalawn, Inc's 2019 payroll expenses are estimated to be at least $220,776.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,078 per employee1
Reported PPP Proceed Usage:
On the PPP application, Avalawn, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,995
Business Information - Avalawn, Inc in Knoxville, TN
7607 Old Maynardville Pk
Knoxville, TN 37938
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Knoxville
In the Knoxville area, 8 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 10) and received an average PPP loan of $53,329 (compared to this company's $45,995).
Similar Nearby Businesses Who Received PPP Funding:
Superior Lawn Care, Inc
Edwards Tree Service, Inc
Randrop Landscape Management
Southern Lawn Care
Earth Tech Erosion Control LLC
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 50% lower than Avalawn, Inc's reported 10 employees, and received an average PPP loan of $43,486, 5% lower than this company's loan of $45,995.
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Footnotes & Information
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